2016 BMW X4 - is this a good lease deal

margaret2013x3

Thank you in advance for answering my question, is this a good deal. The money factor is too high which I will negotiate as well as the $499.00 processing fee. Should I pay the taxes and fees up front. My intent is to negotiate the total price of the car at 48,482 OTD. I am told they have a way of sneaking in the taxes and fees anyway. Any insight will help. Trina

2016 BMW X4 28i
MSRP $52,800
Sonic Price $48,582
Processing Fee $499
Taxes $2,095
Tags (2 yrs) $116
Down Payment is taxes, tags, fee’s and acquisition fee of $925= $3,635
Monthly payment of $683/mo for 36 months with 15K a year for mileage
Residual is 55% $29,040
Money Factor .0018

kyfdx

margaret2013x3 said:

Thank you in advance for answering my question, is this a good deal. The money factor is too high which I will negotiate as well as the $499.00 processing fee. Should I pay the taxes and fees up front. My intent is to negotiate the total price of the car at 48,482 OTD. I am told they have a way of sneaking in the taxes and fees anyway. Any insight will help. Trina

2016 BMW X4 28i
MSRP $52,800
Sonic Price $48,582
Processing Fee $499
Taxes $2,095
Tags (2 yrs) $116
Down Payment is taxes, tags, fee’s and acquisition fee of $925= $3,635
Monthly payment of $683/mo for 36 months with 15K a year for mileage
Residual is 55% $29,040
Money Factor .0018

The calculations are correct with the .00180 MF, but I don't even think they car mark it up past .00170, unless you are not top tier. .00130 is the base.

At .00130, the payment would be $644/mo.

kyfdx

margaret2013x3 said:

Hi I used the Edmunds calculator and came up with 663. The residual was 29655. Would you happen to know what may be missing why the calculations are off. Thanks

I don't use the lease calculator. Can't vouch for what assumptions that it makes.

Michaell

margaret2013x3 said:

Hi I used the Edmunds calculator and came up with 663. The residual was 29655. Would you happen to know what may be missing why the calculations are off. Thanks

As my co-host pointed out, we don't use an on-line lease calculator - they make too many assumptions that may not be correct in all circumstances. We built our own in a spreadsheet - and you can, too:

http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

margaret2013x3

Hi I used the Edmunds calculator and came up with 663. The residual was 29655. Would you happen to know what may be missing why the calculations are off. Thanks

margaret2013x3

Thank you for providing additional information.